Top 10 Nigerian States Drowning In Biggest Debts And Their Liabilities

The 36 states of the federation together with the Federal Capital Territory, Abuja, at the moment are enmeshed in rising home and overseas money owed because the financial system continues to worsen amidst declining infrastructure beneath the President Muhammadu Buhari regime.

SaharaReporters obtained the Domestic and Foreign Debt Report 2021 from the National Bureau of Statistics which reveals the home debt information for the 36 states of the federation as of March 2021.

Top 10 Nigerian States Drowning In Biggest Debts And Their Liabilities 2

The whole home debt for the 36 states and the FCT stands at N4.1 trillion.

The doc revealed that Lagos leads with N507 billion debt, Rivers follows with N377 billion, whereas Akwa Ibom has N232 billion; Delta is subsequent on the debtors’ checklist with N213 billion.

The fifth indebted state is Cross River with N162 billion, adopted by Ogun with N156 billion; seventh is Bayelsa with N142 billion after which Plateau with N134 billion. Osun is ninth wih N133 billion and Benue is tenth state with N128 billion. The whole debt of the ten states is greater than N2 trillion.

The least indebted state is Jigawa State with N31 billion.

Here is the total checklist of the states and their overseas money owed:

DOMESTIC DEBT DATA FOR THE 36 STATES OF THE FEDERATION AND THE FEDERAL CAPITAL TERRITORY AS AT MARCH 31, 2021 AMOUNT IN NAIRA

SN STATE DEBT STOCK (N)

1 ABIA – N70,570,905,849.97

2 ADAMAWA – N95,223,661,061.51

3 AKWA IBOM – N232,204,284,318.65

4 ANAMBRA – N59,710,637,126.27

5 BAUCHI – N100,790,289,024.13

6 BAYELSA – N142,936,287,958.14

7 BENUE – N128,252,738,662.85

8 BORNO – N91,855,414,649.11

9 CROSS-RIVER – N162,341,364,113.48

10 DELTA – N213,782,129,604.56

11 EBONYI – N43,790,839,758.40

12 EDO – N81,750,262,718.83

13 EKITI – N83,722,280,923.58

14 ENUGU – N68,855,130,073.45

15 GOMBE – N82,473,640,326.98

16 IMO – N149,888,233,113.49

17 JIGAWA – N31,572,060,237.67

18 KADUNA – N68,754,361,083.75

19 KANO – N119,427,638,899.46

20 KATSINA – N58,339,331,273.92

21 KEBBI – N55,096,954,426.87

22 KOGI – N68,860,011,515.06

23 KWARA – N63,243,935,109.34

24 LAGOS – N507,377,449,198.76

25 NASARAWA – N58,671,278,563.84

26 NIGER – N62,327,267,332.33

27 OGUN – N156,335,308,358.54

28 ONDO – N72,598,126,601.96

29 OSUN – N133,924,122,386.17

30 OYO – N91,954,231,316.98

31 PLATEAU – N134,223,134,679.17

32 RIVERS – N266,936,225,793.65

33 SOKOTO – N38,550,547,344.38

34 TARABA – N100,004,214,754.69

35 YOBE – N60,094,287,156.78

36 ZAMFARA – N96,980,834,485.22

37 FCT – N69,532,417,465.77

Total – N4,122,951,837,267.7

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Top 10 Nigerian States Drowning In Biggest Debts And Their Liabilities

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